This next section will be a multi-part podcast on the idea of Creating the Entity. Mike and Chris take a dive into the world of Life Insurance Actuaries… yeah, we know you’re riveted. However, this is critical to understand, if we are to understand Whole Life Insurance, and how it is the best tool for […] The post Creating the Entity – Part 1 BYOB #20 appeared first on Life Success Legacy.

Life Success & Legacy

Creating the Entity – Part 1 BYOB #20

In this #tbt podcast we review the question that we get all the time; is Infinite Banking a scam. The original podcast was released in February of 2018, and honestly, the question probably gets asked more now than back then. We all get so caught up into our current way of thinking, that when something […] The post Is IBC A Scam? appeared first on Life Success Legacy.

Is IBC A Scam?

This week would have been Nelson Nash’s 90th birthday and in this episode Mike and Chris pay homage to the man that impacted their lives so much. In fact, we know he left his mark on thousands of people. We hope you enjoy this short tribute. The post Happy Birthday Nelson appeared first on Life Success Legacy.

Happy Birthday Nelson

In this #tbt podcast, Mike and Chris dive into something we hear all the time, that whole life insurance is a bad place to store your money. In fact, I bet you’ve either said it yourself, or heard someone make the claim. However, this is the absolute brilliance of Nelson Nash and his Infinite Banking […] The post Whole Life Insurance is bad, right? appeared first on Life Success Legacy.

Whole Life Insurance is bad, right?

Nelson wrapped up the Human Problems section with a one page chapter on the topic of Use It or Lose It. Mike and Chris venture down into the main principle, EVA, or Economic Value Added. Which is the “recognition of the fact that your own capital has a cost, as well as that which has […] The post Use It or Lose It – BYOB#19 appeared first on Life Success Legacy.

Use It or Lose It – BYOB#19

This weeks #tbt podcast was originally released January 4th, 2018. The sustainability of Infinite Banking has very little to do with the concept itself, but is a question about the insurance industry itself. I believe this question is rooted in the uncertainty of the federal reserve and our monetary system, and as a result, we […] The post Is Infinite Banking Sustainable appeared first on Life Success Legacy.

Is Infinite Banking Sustainable

Nelson states, “This phenomenon probable limited the achievements of mankind more than anything else. When this ‘thing’ infects us, we stop growing, stop learning. We turn off or tune out the ability to receive inspiration — because we ‘already know all there is to know.'” If that doesn’t make you stop and ponder for a […] The post The Arrival Syndrome – BYOB #18 appeared first on Life Success Legacy.

The Arrival Syndrome – BYOB #18

In this #tbt post, Mike and Chris talk through a question we get all the time. Is Infinite Banking too good to be true? Honestly it’s a question most of us have asked too! Take a listen to this podcast, and we feel you will be pleasantly surprised that our goal is not to ‘prove’ […] The post Is IBC Too Good To Be True? appeared first on Life Success Legacy.

Is IBC Too Good To Be True?

In this #tbt episode Mike and Chris break down the reasons so many of us have never heard of Infinite Banking. Mike separates it into three main points: 1. Nelson didn’t write Becoming Your Own Banker until 2000. 2. There aren’t enough IBC practitioners. 3. Third, it takes time and energy to educate yourself about […] The post Why haven’t I heard about Infinite Banking? appeared first on Life Success Legacy.

Why haven’t I heard about Infinite Banking?

“Those who have the gold make the rules” – Nelson Nash. This episode of our book walk through Becoming Your Own Banker continues to reveal more truths about money. Mike and Chris unwrap The Golden Rule principle, and wow is there a lot to unpack. We think you’ll like this episode, but be prepared, it […] The post The Golden Rule – BYOB #17 appeared first on Life Success Legacy.

The Golden Rule – BYOB #17

In this #tbt we wrap up the Policy Design discussion by going into the details of what Nelson discovered. So many of us buy life insurance for just the death benefit and never think of the possibilities that lie within that contract. Mike continues to challenge us and asks which is more important to you […] The post IBC Policy Design Part 2 appeared first on Life Success Legacy.

IBC Policy Design Part 2

In this weeks #tbt, Mike and Chris go into more details about the types of life insurance, why most people buy life insurance, and how Nelson, through his own struggles, came to realize the true power of whole life insurance. This part 1 of policy design does really give context to how Infinite Banking works […] The post IBC Policy Design Part 1 appeared first on Life Success Legacy.

IBC Policy Design Part 1

In this episode Mike and Chris dive into Willie Sutton’s Law. Nelson had a lot of well thought out opinions on things. So why does he follow up the Human Problems with a chapter about a notorious bank robber? Well, I will steal from Nelson (via Willie), “Wherever wealth is accumulated someone will try to […] The post Willie Sutton’s Law – BYOB #16 appeared first on Life Success Legacy.

Willie Sutton’s Law – BYOB #16

The first chapter of Section 2 is the Human Problems… Gulp. Nelson knew it was important to tackle this topic first, because we all struggle with these issues. The whole chapter is one page, but it’s a packed one page! Take a listen to how Mike and Chris dissect the human problems and even give […] The post The Human Problems – BYOB #15 appeared first on Life Success Legacy.

The Human Problems – BYOB #15

This #tbt podcast is from August of 2017 and over three years later, it’s still one of the most asked questions. How do you actually get started in Infinite Banking? Listen to how Mike and Chris reframe the conversation and you might just realize that getting started is the easy part, it’s getting out of […] The post Getting Started with Infinite Banking appeared first on Life Success Legacy.